Victoria Road Football, LLC have purchased a majority shareholding in the National League club

Dagenham & Redbridge boss Peter Taylor has welcomed the news that an American consortium involving former Manchester United stopper Tim Howard has completed its purchase of a majority shareholding in the club.

Victoria Road Football, LLC is a new company led by Peter B. Freund, Craig Unger and Howard.

The other members of the consortium are Dan Schwab, Michael Schwab, Amy Silfen and Mark Butler.

With Victoria Road Football, LLC completing their purchase of the majority of shares, it should bring an end to a turbulent time in the Essex club’s history since former director Glyn Hopkin ceased funding the club, leaving them financially challenged.

And Daggers boss Taylor is pleased the club’s future has been secured through the investment.

“The most important thing for me is the stability of this football club,” said Taylor.

“The investment from Victoria Road Football, LLC will mean that we can leave the worries off the pitch behind.

“We now have the option of strengthening our squad if we feel the need to, which as a manager is always a good thing.”

Paul Gwinn, who will remain as chairman of the board following the takeover, commented: “Following on from a turbulent period in the club’s history we are very pleased to welcome Peter and his partners who will bring a wealth of expertise to the club.

“I would like to go on record to thank (managing director) Steve Thompson for not only steering the club throughout this period, but for being instrumental in securing this investment.

“We hope that with our finances stabilised and a promising young side under the vastly experienced Peter Taylor, the prospect for the club and its supporters is a bright one.

“I would also like to take this opportunity to thank everyone who donated, time or money, to the club over the past months which was essential to put us in the position we are today.

“As the saying goes from adversity often comes strength: Come on You Daggers!”